A tour group walks through the campus of Harvard University in August 2012. The Republican tax bill would apply a 1.4 percent excise tax on the endowment earnings of approximately 70 colleges and universities with the largest per student endowments.
A tour group walks through the campus of Harvard University in August 2012. The Republican tax bill would apply a 1.4 percent excise tax on the endowment earnings of approximately 70 colleges and universities with the largest per student endowments. Elise Amendola AP
A tour group walks through the campus of Harvard University in August 2012. The Republican tax bill would apply a 1.4 percent excise tax on the endowment earnings of approximately 70 colleges and universities with the largest per student endowments. Elise Amendola AP

The GOP tax bill represents a raid on university endowments

November 08, 2017 08:00 PM

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